Your Right to Know

WASHINGTON — Representatives of the U.S. Treasury Department say they will meet with Delphi
retirees who saw their pensions slashed by up to 70 percent as a result of the 2009 auto
bailout.

Sens. Sherrod Brown, D-Ohio, and Rob Portman, R-Ohio, and three other U.S. senators sent a
letter to Treasury Secretary Jacob Lew last month urging him to meet with Delphi salaried retirees
to review their proposal to restore the pensions. In a letter sent to Brown yesterday, Alistair
Fitzpayne, assistant secretary for legislative affairs for the Treasury, wrote that the department “
is happy to schedule a meeting with” the retirees.

Fitzpayne said, however, that the department has met with representatives of the association
before “and is happy to continue discussing this matter with them.”

“We recognize that the bankruptcies of GM and Delphi have been extremely difficult and
challenging for all their employees and retirees,” Fitzpayne wrote but added that the bailout “kept
over 1 million Americans employed.”

The 2009 auto bailout restored pensions of union Delphi retirees but slashed pensions of more
than 20,000 non-union salaried retirees, including about 700 in the Dayton area, by anywhere from
30 to 70 percent.

Tom Rose, a Delphi retiree from Washington Township near Dayton, said he was happy to hear the
news. He said retirees have offered a plan that would not cost any taxpayer money.